Tamura Corporation (JP:6768) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Tamura Corporation has announced a 330 million yen reduction in profit due to accounting irregularities at two of its subsidiaries in China. The company has received a report from an external investigation team and plans to implement preventive measures to enhance its internal controls. Despite the impact, no corrections will be made to prior financial statements, and adjustments will be reflected in this fiscal year’s results.
For further insights into JP:6768 stock, check out TipRanks’ Stock Analysis page.